Brazilian Missionary Church Nears Completion at 39-26 30th Street in Dutch Kills, Queens

Construction is nearing completion on 39-26 30th Street, an 11-story mixed-use building in Dutch Kills, Queens. The structure will serve as the new home for the Brazilian Missionary Church, which already occupied the site, and will yield an unspecified number of affordable housing units. 39-26 Property LLC is listed as the owner and JLS Group Construction LLC is the general contractor for the property, which is located between 39th and 40th Avenues. An architect for the project was not publicly disclosed.

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Housing Lottery Launches for 194 Buffalo Avenue in Crown Heights, Brooklyn

The affordable housing lottery has launched for 194 Buffalo Avenue, a four-story residential building in Crown Heights, Brooklyn. Designed by Wu Woody Chen of Infocus and developed by Hagai Laniado, the structure yields eight residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,400 to $165,230.

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1491-1493 Reaches Halfway Mark On Manhattan’s Upper East Side

Construction has reached the halfway mark on 1491-1493 First Avenue, a 35-story residential building on Manhattan’s Upper East Side. Designed by Hill West Architects and developed by Carmel Partners, which purchased the property from Robert Chou for $73.5 million in early 2022, the 404-foot-tall structure will yield 206 condominium units, 7,120 square feet of ground-floor retail space, and a cellar level. CP VII 78th Street Owner is the owner and Carmel Construction East is the general contractor for the project, which is located at the southwestern corner of First Avenue and East 78th Street.

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425 Park Avenue, courtesy of L&L Holding

L&L Holding Company Secures Refinancing For 425 Park Avenue In Midtown East, Manhattan

L&L Holding Company has secured $911 million in refinancing for 425 Park Avenue, an office skyscraper in Midtown East, Manhattan. Sumitomo Mitsui Trust Bank led the refinancing as the principal lender, with the new five-year floating rate loan intended to replace a similar-sized loan from 2021 that supported the tower’s final construction and leasing activities.

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